Hedge funds woo China’s investors for assets, lobby group says

From Bloomberg: Hedge Funds are wooing institutional investors in China, as managers struggle to raise assets. China Investment Corp., the nation’s $300 billion sovereign wealth fund, is already investing in hedge funds, Chairman Lou Jiwei said in August last year.
“Over time, China will invest more overseas,” Christophe Lee, chairman of the Alternative Investment Management Association’s Hong Kong and China chapter. “In their overseas investments, we hope they will consider hedge funds as one of their components.”………………………………………Full Article: Source